Gold Purchase Agreement: Definition, Example
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- Avg cost to draft a Purchase Agreement: $860.00
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What is a Gold Purchase Agreement?
A gold purchase agreement is contract between a gold buyer and seller that solidifies the terms and conditions of the sale and makes it official. This document includes details about what type of gold is being sold, for what price, and on what date the payment is to be made. It also typically contains clauses that guarantee the legitimacy of the gold itself.
The gold purchase agreement is important because it simplifies the buyer-seller relationship. By noting specific rules and regulations, buyers and sellers are able to effortlessly work together toward closing the deal while being certain that their interests are being protected.
Gold Purchase Agreement Sample
Exhibit 10.1
FORWARD GOLD PURCHASE AGREEMENT
The undersigned (the “Purchaser”) hereby irrevocably subscribes for and agrees to purchase from GOLDEN CHEST LLC (the “Seller”), a subsidiary of New Jersey Mining Company (the “Issuer”), ounces of forward gold production of the Seller as represented below at a price of $935 per ounce of gold for an Aggregate Purchase Price of $ (the “Aggregate Purchase Price”). The Purchaser agrees to be bound by the agreements set forth in this Forward Gold Purchase Agreement, the Subscription Agreement, Schedule A “Security of the Forward Gold Purchase Agreement,” and Schedule B “Accredited Investor Questionnaire”, which documents, along with the Private Placement Memorandum (“PPM”), are attached hereto and form part of this Forward Gold Purchase Agreement. The Seller shall deliver ounces of .999 gold on a quarterly basis over eight quarters with the first payment beginning December 1, 2016, for a total of ______ounces of .999 gold, in the following quarterly amounts:
(i)
______ ounces of .999 gold on or before December 1, 2016;
(ii)
______ ounces of .999 gold on or before March 1, 2017;
(iii)
______ ounces of .999 gold on or before June 1, 2017;
(iv)
______ ounces of .999 gold on or before September 1, 2017;
(v)
______ ounces of .999 gold on or before December 1, 2017;
(vi)
______ ounces of .999 gold on or before March 1, 2018;
(vii)
______ ounces of .999 gold on or before June 1, 2018; and
(viii)
______ ounces of .999 gold on or before September 1, 2018.
PURCHASER
DELIVER THE GOLD TO:
Signature of Purchaser
Attention – Full Name
Name of Purchaser (Printed)
Street Address
Purchaser’s Street Address
City, State and Postal Code
City, State and Postal Code
Telephone Number
PENALTY UPON DEFAULT AND CONVERTIBILITY
Failure of the Seller to meet minimum monthly gold distribution schedules will result in a penalty premium to be paid to the Purchaser equal to 20% interest per annum on the remaining balance of distributable gold, to be calculated over such quarterly period. For any particular quarterly period and upon 90-days notice to the Seller, Purchaser may convert the amount due for the quarter into cash equal to the value of the gold, which shall be calculated by using the average of the London PM fix prices during such quarter.
The Seller hereby accepts the subscription as set forth above on the terms and conditions contained in this Forward Gold Purchase Agreement (including the PPM, Subscription Agreement and Accredited Investor Questionnaire attached hereto) as of this ___ day of , 2016.
GOLDEN CHEST LLC
NEW JERSEY MINING COMPANY
a subsidiary of New Jersey Mining Company
Issuer and Parent Company
Per:
Per:
Grant Brackebusch, Manager
Del Steiner, CEO
Address: 201 N. 3rd Street
201 N. 3rd Street
Coeur d’Alene, Idaho 83814
Coeur d’Alene, Idaho 83814
Email: gbrack@newjerseymining.com
Email: gbrack@newjerseymining.com
1
Reference:
Security Exchange Commission - Edgar Database, EX-10 2 ex101.htm FORM OF GOLD PURCHASE AGREEMENT, Viewed September 16, 2022, View Source on SEC.
Who Helps With Gold Purchase Agreements?
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Meet some of our Gold Purchase Agreement Lawyers
Max M.
Business attorney with a focus on the health care sector, bringing Biglaw experience in multi-million dollar mergers and acquisitions, financings, and general corporate counsel work to the small firm space. I now help startups and growing companies access the same level of sophistication and strategic guidance typically reserved for large institutions.
"Max was great! He put together a subcontract for us for our subconsultants. Really easy to work with."
Namrita N.
Retired Dentist transitioned to Law, with a special interest in Commercial Real Estate, Startup businesses, Asset Purchase Agreements, and Employment Contracts. I love to help dentists and physicians with legal issues pertaining to licensing, credentialing, employment, and general business-legal questions.
"Dr Notani is a top lawyer. We very much appreciate her attentiveness and expertise."
Curt B.
Curt Brown has experience advising clients on a variety of franchising, business litigation, transactional, and securities law matters. Mr. Brown's accolades include: - Super Lawyers Rising Star - California Lawyer of the Year by The Daily Journal - Pro Bono Attorney of the Year the USC Public Interest Law Fund Curt started his legal career in the Los Angeles office of the prestigious firm of Irell & Manella LLP, where his practice focused on a wide variety of complex civil litigation matters, including securities litigation, antitrust, trademark, bankruptcy, and class action defense. Mr. Brown also has experience advising mergers and acquisitions and international companies concerning cyber liability and class action defense. He is admitted in California, Florida, D.C., Washington, Illinois, Colorado, and Michigan.
"I was very impressed with the responsiveness and knowledge brought to my situation."
Jorge R.
**Bio:** My name is Jorge Ramos, and I am an experienced family law attorney practicing since 2011. Over the years, I have honed my skills and knowledge in family law, having worked with prestigious law firms before establishing my own solo practice. My expertise spans a wide range of family law matters, including divorce, child custody, spousal support, and property division. I am dedicated to providing personalized and compassionate legal representation, ensuring that my clients receive the support and guidance they need during challenging times. My commitment to excellence and client-focused approach have earned me a reputation as a trusted advocate in the field of family law.
"Jorge is a very professional and efficient attorney! It was a really good experience working with Jorge!"
Mark L.
I worked in the Intellectual Property Group at Fidelity Investments for almost 25 years, including managing the group from 2017-2021. I managed and developed the same high-performing group of three legal professionals from 2007-2021. Early in my career at Fidelity, I focused primarily on trademark matters, including trademark searching and clearance, as well as enforcement of trademark rights. In fact, I created Fidelity's trademark and brand protection programs and advanced them over more than two decades, eventually bringing the domestic trademark portfolio in-house and realizing savings of well over $2 million in outside counsel expenses for searching, prosecution and maintenance of US registrations from 2008-2021. Fidelity put me through law school, and I continued working full time while attending law school at night over four years. Upon graduation and passing the bar in 2006, I was promoted to an attorney position effective 1/1/2007. My practice broadened, and I began working on more transactional matters. I became a key transactional attorney for major technology groups and businesses within Fidelity, and negotiated numerous mission critical tech deals, transforming Fidelity's business. I provided transactional and IP support for Fidelity's software development and services affiliate in Ireland, and worked extensively with many of Fidelity's other foreign affiliates. Fidelity's General Counsel handpicked me to provide transactional and IP support to a new business initiative in 2017. That initiative became fintech startup Akoya, LLC, a paradigm-shifting business that enables secure, customer-controlled sharing of personal financial information between financial institutions and service providers. I developed template agreements between Akoya and data providers (financial institutions) and also between Akoya and data recipients (e.g. tax preparation services and financial advisors). Akoya had matured enough to be spun out by Fidelity in early 2020 to a consortium of financial services companies. In 2021, Fidelity offered a voluntary buyout to long-tenured associates, and following the pandemic, coupled with the financial and health benefits included in the package, it was an offer I could not refuse. Days later, my elderly father-in-law broke his hip, and my wife and I became his primary caregivers. It's been a blessing that I was able to contribute to his care and alleviate some of the burden on my wife. He is now in a long-term care facility, and I am eager to return to work as in-house counsel, whether on a contract basis, part time or full time. I did work briefly as a sole practitioner in 2021 and 2022, primarily helping friends, family and pro bono clients with NDAs, business formation issues, consulting agreements and license agreements. From August 2022 - July 2023, I was on the staff of Flex by Fenwick, an in-house counsel on demand business that is a subsidiary of the IP firm Fenwick & West, but did not get any engagements. My wife and I have volunteered for over a year with a dog rescue, Last Hope K9 Rescue, and have fostered several dogs, and adopted two of them!
June 5, 2024
Robert C.
A highly motivated, dedicated attorney (and military veteran) with proven experience in executive corporate leadership, legal risk mitigation, litigation, and legal department management. Skilled in collaborating with all members of the organization to achieve business and financial objectives with high-profile corporations. Instrumental in streamlining and improving processes, enhancing productivity, and implementing sound legal and business solutions.
June 5, 2024
Robert C.
I have been a lawyer for over 30 years practicing insurance defense, personal injury, commercial litigation and commercial transactions
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E-commerce Purchase Agreement Review for Baby Products Business
"Zach was very knowledgeable and efficient in creating our Asset Purchase Agreement! Would certainly recommend him!"
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"Very satisfied."
PSA
"She was amazing and really quick :) Will use again in the future! Thank you"
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"Very receptive and kind. Made sure to think of every possible loop and made me aware of what my outcomes could be."
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"Will work with Jane on future projects. She's very in tune to her clients needs."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Need a purchase sale agreement for a buyout of a manufacturing company and real estate located in Erie PA
Location: California
Turnaround: Less than a week
Service: Drafting
Doc Type: Purchase Agreement
Number of Bids: 9
Bid Range: $450 - $2,500
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